Q-Free ASA — M&A Activity 2022

Dec 28, 2022

Q-Free: Final result of mandatory offer to acquire all shares in Q-Free ASA

Q-Free: Final result of mandatory offer to acquire all shares in Q-Free ASA

Reference is made to the mandatory offer (the "Offer") from Rieber & Søn AS (the

"Offeror") to acquire all shares in Q-Free ASA ("Q-Free" or the "Company") at an

offer price of NOK 6.20 per share pursuant to an offer document dated 24

November 2022.

The acceptance period in the Offer expired 23 December 2022, at 16:30 (CET).

Following final counting and registration of acceptances, the Offeror has

received acceptances for a total of 13,774,651 shares and votes in Q-Free, an

increase of 2,630 shares compared to the initial result reported on 23 December

2022. In addition, the Offeror owns a total of 56,069,283 shares in the Company.

Following completion of the Offer, the Offeror will hold 69,843,934 shares in Q

-Free, equal to approximately 62.78 % of the total number of 111,244,416 issued

shares in the Company.

In accordance with section 4.11 ("Settlement") of the Offer Document, settlement

of the Offer will be made in NOK as soon as reasonably possible and no later

than two weeks after the expiry of the acceptance period in the Offer, being 6

January 2022.

The Offeror is a close associate of Trond Valvik, Chair of the board in Q-Free.

Please see attached notification form in accordance with the Market Abuse

Regulation article 19.

This notification has been submitted pursuant to the Securities Trading Act

section 5-12.